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CHICAGO—Brennan Investment Group, LLC and DLJ Real Estate Capital Partners, LLC have just acquired about 8 acres of land at 1780 Birchwood Ave. in Des Plaines, near Chicago’s O’Hare International Airport and the intersection of I-90 and I-294. The partners plan to construct the Northeast O’Hare Industrial Center – a warehouse and distribution building which will have about 140,000-square-feet, and feature 32′ clear height, ample loading, trailer parking, and auto parking. Furthermore, the partners said they will build it to a LEED standard.

It is a good time to get an O’Hare project out of the ground. The submarket that surrounds the airport has recently had a strong run of leasing activity. According to data published by Colliers International, its vacancy rate remained steady at 8.44% during the second quarter even though large amounts of vacant space returned to the market.

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